Monday, April 11, 2011

AUTOMOTIVE: The number 2 Renault resigned

Reuters - In accepting the resignation of Patrick Pelata, Renault stops the ascent of one who had reached the number two position in the group, but hopes to put an end to the matter of fake spy poisoned for several months in preserving at the same time the CEO Carlos Ghosn.

Patrick Pelata announced in early March that the manufacturer would take the diamond "all the consequences, to the highest level of business is to say to (himself)" on error in the case of industrial espionage in which the group considered itself a victim.

"At first it's Patrick Pelata which seems to be to shield the CEO," then told Reuters a source close to Renault."So as they say in any case, it
have fuses. "

However, during the first board of directors special March 14, after which Renault had admitted his error and apologized to the three frameworks
wrongly accused, the resignation of Chief Operating Officer, aged 55 and right arm of Carlos Ghosn, was denied.

This time, when a new board devoted to the extraordinary preliminary findings of internal audit on the dysfunctional mess that made possible its
resignation was accepted.

"It's a loss for Renault, as number two Pélata did a solid job in steering the company in recent years," said Stuart Pearson
auto analyst at Morgan Stanley.

"This casts doubt on the practical implementation of the strategic plan that has only just been announced - Pélata would have been one of the principal architects.Difficult to say
immediate successor thereto. "

The departure of chief operating officer could save Carlos Ghosn, although it has always supported the accusations of espionage while claiming not to have held the record details.

Carlos Ghosn launched in February a new strategic plan for Renault to six years and few of them, internally, among analysts at the State or shareholder, who seem ready to consider leaving.